(09 NOVEMBER 2018)Silver spot ($):Capped by a negative trend line.

Pivot (invalidation): 14.4500

Our preference

Short positions below 14.4500 with targets at 14.2800 & 14.2100 in extension.

Alternative scenario

Above 14.4500 look for further upside with 14.5400 & 14.6200 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)